Harbour Capital Advisors LLC Invests in TeraWulf Inc. (NASDAQ:WULF)

Harbour Capital Advisors LLC has made a notable investment by acquiring a new position in TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter. According to their latest filing with the SEC, the institutional investor purchased 150,030 shares of TeraWulf, with a total value close to $933,000.

Investment activity around TeraWulf has been strong, as several other hedge funds have also adjusted their holdings in the company. Point72 Asset Management L.P. made a significant move by acquiring a new position in TeraWulf valued at approximately $22,443,000 during the second quarter. Similarly, Hood River Capital Management LLC bought shares worth about $20,532,000, while Driehaus Capital Management LLC invested around $9,948,000 in the same period. Additionally, Duquesne Family Office LLC and Zweig DiMenna Associates LLC purchased positions valued at approximately $9,301,000 and $9,489,000 respectively. As a result, institutional investors now own 62.49% of TeraWulf's stock.

Recent Analyst Ratings

In recent weeks, various research firms have shared their insights on TeraWulf. Atb Cap Markets upgraded the company's shares to a "strong-buy" rating on January 5th. Meanwhile, Cantor Fitzgerald maintained an "overweight" rating and set a price target of $11.00 for the stock. In contrast, Stifel Canada demoted the stock from a "strong-buy" to a "moderate buy" rating in a report dated October 29th. Rosenblatt Securities reaffirmed a "buy" rating with a target price of $10.00, while B. Riley raised their price objective from $8.00 to $10.00. Currently, the consensus rating for TeraWulf is categorized as "Buy," with analysts projecting an average target price of $8.64.

TeraWulf Stock Performance

Recently, TeraWulf's stock has seen volatility, with shares down 5.4% on one trading day, falling to $5.11. The volume of shares exchanged was 24,763,725, compared to an average volume of around 32,265,842. The 50-day moving average stands at $6.91, while the 200-day moving average is $5.50. Over the past year, TeraWulf's stock has fluctuated, hitting a low of $1.24 and a high of $9.30.

About TeraWulf Inc.

TeraWulf Inc., founded in 2021 and headquartered in Easton, Maryland, operates as a digital asset technology firm in the United States. The company focuses on developing, owning, and operating bitcoin mining facilities located in New York and Pennsylvania. They also provide miner hosting services to third-party clients.

Additional Resources

For individuals considering investing, it's important to note that while TeraWulf currently holds a "Buy" rating, top analysts have recently identified alternative stocks that may offer better investment opportunities. It may be beneficial to explore these recommendations before making investment decisions.

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